McKesson and CD&R to acquire Option Care Health; shares surge 33%
What happened
Healthcare distributor McKesson and private-equity firm Clayton, Dubilier & Rice announced Tuesday a deal to acquire Option Care Health, the leading independent provider of home and alternate-site infusion therapy. Option Care shares surged about 33% on the announcement, while McKesson was flat. Deal terms (price per share, equity value) were not yet widely reported at publication.
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Who’s affected
- Option Care Health (OPCH) — +33% Tuesday on the takeout announcement; the day's biggest healthcare mover
- McKesson (MCK) — flat on the news; deal rationale and terms will determine the accretion story
- Healthcare services/infusion peers — takeout premium reprices the group; potential read-through to other PE targets
Sources